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Overseas Shipholding Group Inc   (OSG)
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Overseas Shipholding Group Inc 's

Competitiveness


 

OSG Sales vs. its Competitors Q4 2023







Revenue Growth Comparisons




Net Income Comparison




<<  OSG Stock Performance Comparisons


Overseas Shipholding Group Inc 's Comment on Competitors and Industry Peers


The shipping industry is highly competitive and fragmented. OSG competes with other owners of U.S. and International Flag tankers, including other independent shipowners, integrated oil companies and state owned entities with their own fleets, and oil traders with logistical operations, and pipelines. OSG’s vessels compete with all other vessels of a size and type required by the customer that can be available at the date specified. In the spot market, competition is based primarily on price, cargo quantity and cargo type, although charterers are selective with respect to the quality of the vessels they hire considering other key factors such as the reliability, quality and efficiency of operations. In the time charter market, factors such as the age and quality of the vessel and reputation of its owner and operator tend to be even more significant when competing for business.

In the U.S. market, OSG’s primary competitors are operators of U.S. Flag oceangoing barges and tankers, operators of rail transportation for crude oil and operators of refined product pipelines systems that transport refined petroleum products directly from U.S. refineries to markets in the United States. In addition, indirect competition comes from International Flag vessels transporting imported refined petroleum products.




*Market share is calculated based on total revenue.





Who are Overseas Shipholding Group Inc 's Competitors?





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